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Red Ridge, CVP Close on $26.25MM Facility to Pali Corporation

Date: Mar 05, 2015 @ 07:09 AM
Filed Under: Healthcare

Red Ridge Finance Group announced it provided advisory services with regard to a $25 million term loan and a $1.25 million revolving credit facility to Pali Corporation for the acquisition of two Hawaii-based senior skilled nursing facilities.

Pali Corporation is a Honolulu Hawaii-based nursing home operator which has been managing its facilities since 1974. Pali and its representatives approached RedRidge Finance Group to discuss ways they can leverage their assets to consolidate debt and address the owner's long term estate planning needs.

RedRidge Finance Group, Credit Value Partners, LP ("CVP") and its team, with over 70 years of combined experience in the long-term healthcare market, quickly analyzed the transaction and provided a solution addressing all of Pali's needs.

Dr. Miyawaki, the CEO and owner of Pali Corporation, and his team are some of the most highly regarded individuals we have had the pleasure of working with" stated Randy Abrahams, CEO of RedRidge Finance Group. "We have been fortunate enough to work with Dr. Miyawaki several times over the years."

CVP is a registered investment advisor specializing in High Yielding and Non-Investment Grade Corporate Debt. The founding CVP investment team was formed within Credit Suisse Asset Management ("CSAM") in February 2008 and spun out of CSAM as an independent firm in October of 2010. Today, CVP manages approximately $2.2bn in regulatory AUM and has over 400 institutional and high net worth investors. CVP's senior members previously ran the corporate lending businesses at CS and DLJ and managed lending groups at CapitalSource and GE Capital.  CVP has a team of 7 originators and PM's with 20 years of experience each.

RedRidge Finance Group offerings include: Due Diligence Services, Background Verification Services, IT Staffing Services, Consumer Finance, Export Financing, Direct Investment and Advisory Services.

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